Posted on 03/04/2009 6:02:15 PM PST by NormsRevenge
WASHINGTON (AFP) – President Barack Obama on Wednesday promised to save American taxpayers 40 billion dollars a year by slashing waste in government contracting, with a special eye on bloated spending on defense.
"I reject the false choice between securing this nation and wasting billions of taxpayer dollars," Obama said on a day when he signed a presidential memorandum reforming the contracting system across the entire government.
"In this time of great challenges, I recognize the real choice between investments that are designed to keep the American people safe and those that are designed to make a defense contractor rich," Obama said.
The president's promise to clean up contracting was in line with his pledge to cut the soaring federal budget deficit in half by the end of his mandate in 2013.
As Obama spoke, he was flanked by his former Republican rival for the presidency, Senator John McCain, who is a hawkish opponent of wasteful spending in the Pentagon, and scours legislation for lawmaker's pet projects.
Obama honed in on runaway Pentagon spending, vowing that "the days of giving defense contractors a blank check are over," and highlighted work by Defense Secretary Robert Gates to overhaul military procurement at the Pentagon.
(Excerpt) Read more at news.yahoo.com ...
Whats he gonna do issue AIG rifles now ?
I don’t understand why the MSM doesn’t drop the pretense of being journalists and just start covering the Obama administration in the style of a comic book with Obama as the superhero. Plenty of retards who’d pay good money for that.
I have tried to be fair in regards to using a teleprompter but Obama is way too married to his. The whole idea of a teleprompter is to allow a speaker to look more naturalfor big crowds. But when you are simply appearing in front of a group of reporters then this borders on the absolute pathetic.
thats hilarious.
the reporter actually thinks its happened becaue O said it was going to. How about that halved deficit that was quadrupled?
He’s going to save us $40 billion a year after throwing away about $4 trillion? Man, this guy is AWESOME!
Whoa! Fire one and six?
Our prexy seems to lose track of following zeros after the first one ($10).
But that's all right. There ain't a journalist extant who knows how to count past five.
Blind leading blind etc.
McCain should be kicked out of the GOP.
He's not ignorant about this. He INTENDS to weaken the DoD and he's doing it.
Wherever liberals gather for a “bi-partisan” photo op, you’ll find their poster boy, John McCain.
leave it to the French to call Obamas spending ‘responsible’....Even Hugo Chavez might have some problems with how far Obama is going off the deepend.
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